State Regulators Looking at Lloyd's: The regulators have begun coordinating a fraud investigation of Lloyd's of London, the troubled British insurance firm. The North American Securities Administrators Assn., a group of state regulators, has formed a group to coordinate the eight state cases--including the state of California--filed so far that accuse Lloyd's of breaking securities laws in its dealings with U.S. investors, said Karen A. Silva of the Arizona Corporation Commission. The new state litigation committee could be the first step of a formal state regulatory task force investigating Lloyd's.
Times Staff and Wire Reports
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